The weighted average tariff - the average duty rate per imported product - in India on US farm products is 37.7%, compared to 5.3% on Indian agricultural goods in the US, according to the Delhi-based think tank Global Trade Research Initiative (GTRI). But as the two countries work on a trade deal, experts say Washington now wants to push "big-ticket" farm exports - wheat, cotton, corn and maize - to narrow its $45bn trade deficit with India. Abhijit Das, former head of the Centre for WTO Studies at the Indian Institute of Foreign Trade, says "the key thing to remember is that agriculture in the two countries is entirely different".
Published at: 2025-03-30 22:36:59
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